Sambhar Ultra-Mega Green Solar Power Project will have more than double the total installed power capacity of India

India is going to be a home to the world’s largest solar power project. It has been finalised that the 4,000 MW project will be set up close to Sambhar lake, about 75 km from Jaipur in Rajasthan. Sambhar lake is India’s largest salt water lake.

When the 4,000 MW of project is fully commissioned, it will generate 6,000 million units of power per annum. The current installed capacity of solar power is around 1,800 MW. This means a single project will have more than the double the existing installed solar power capacity of the country.

The first phase is expected to be implemented through a joint venture (JV) company to be formed with equity from SSL, Bharat Heavy Electricals Ltd (BHEL), Solar Energy Corporation of India, Power Grid Corporation of India Ltd, Satluj Jal Vidyut Nigam Ltd, and Rajasthan Electronics and Instruments Ltd. “Based on the experience gained during implementation of the first phase of project, the remaining capacity would be implemented through a variety of models,” added Patel.

Being the first project of this scale anywhere in the world, this project is expected to set a benchmark for large-scale solar power development in the country.

The government is planning to finance a part of the project through viability gap funding—a capital subsidy that bridges the gap between the project cost dictated by the prevailing electricity rate and the price quoted by a developer. National Clean Energy Fund is expected to be used for it. Rest of the amount would be tied up by signing power purchase agreements with power distribution companies.